The price of Ethereum forms a bullish flag... but the risk of dropping to $1400 still exists.
The price of Ethereum continues to struggle to regain the $2000 level, as every attempt to rise ends with a quick rejection that brings the price back to the downward path.
The famous analyst “Ali Martinez” pointed out that the currency forms a bullish flag pattern, but with an important caveat.
The current pattern comes after an extended downward trend for weeks, making it closer to an inverted flag within a downward trend.
In his opinion, the upcoming big move may not be bullish as some expect, but could push the price below $1400.
For his part, analyst “Daan” clarified that Ethereum's performance at the beginning of 2026 is weaker than its movements at the beginning of 2025, with hopes of seeing historical improvement during the period between March and May, which is often positive for the asset.